Premier Stock Odds of Future Stock Price Finishing Over 20.79
| PINC Stock | USD 21.06 0.18 0.86% |
Closest to current price Premier long CALL Option Payoff at Expiration
Premier |
Premier Target Price Odds to finish over 20.79
The tendency of Premier Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay above $ 20.79 in 90 days |
| 21.06 | 90 days | 20.79 | about 89.16 |
Based on a normal probability distribution, the odds of Premier to stay above $ 20.79 in 90 days from now is about 89.16 (This Premier probability density function shows the probability of Premier Stock to fall within a particular range of prices over 90 days) . Probability of Premier price to stay between $ 20.79 and its current price of $21.06 at the end of the 90-day period is about 22.11 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.04 indicating Premier market returns are highly-sensitive to returns on the market. As the market goes up or down, Premier is expected to follow. Additionally Premier has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. Premier Price Density |
| Price |
Predictive Modules for Premier
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Premier. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Premier's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Premier Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Premier is not an exception. The market had few large corrections towards the Premier's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Premier, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Premier within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.1 | |
β | Beta against NYSE Composite | 1.04 | |
σ | Overall volatility | 0.34 | |
Ir | Information ratio | -0.07 |
Premier Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Premier for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Premier can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| The company currently holds 440.33 M in liabilities with Debt to Equity (D/E) ratio of 0.22, which may suggest the company is not taking enough advantage from borrowing. Premier has a current ratio of 0.84, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Premier until it has trouble settling it off, either with new capital or with free cash flow. So, Premier's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Premier sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Premier to invest in growth at high rates of return. When we think about Premier's use of debt, we should always consider it together with cash and equity. | |
| Over 76.0% of Premier shares are owned by institutional investors | |
| On 15th of March 2024 Premier paid $ 0.21 per share dividend to its current shareholders | |
| Latest headline from simplywall.st: Premiers Dividend Will Be 0.21 |
Premier Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Premier Stock often depends not only on the future outlook of the current and potential Premier's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Premier's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 119.9 M | |
| Cash And Short Term Investments | 89.8 M |
Premier Technical Analysis
Premier's future price can be derived by breaking down and analyzing its technical indicators over time. Premier Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Premier. In general, you should focus on analyzing Premier Stock price patterns and their correlations with different microeconomic environments and drivers.
Premier Predictive Forecast Models
Premier's time-series forecasting models is one of many Premier's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Premier's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Premier
Checking the ongoing alerts about Premier for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Premier help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| The company currently holds 440.33 M in liabilities with Debt to Equity (D/E) ratio of 0.22, which may suggest the company is not taking enough advantage from borrowing. Premier has a current ratio of 0.84, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Premier until it has trouble settling it off, either with new capital or with free cash flow. So, Premier's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Premier sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Premier to invest in growth at high rates of return. When we think about Premier's use of debt, we should always consider it together with cash and equity. | |
| Over 76.0% of Premier shares are owned by institutional investors | |
| On 15th of March 2024 Premier paid $ 0.21 per share dividend to its current shareholders | |
| Latest headline from simplywall.st: Premiers Dividend Will Be 0.21 |
Check out Premier Backtesting, Premier Valuation, Premier Correlation, Premier Hype Analysis, Premier Volatility, Premier History as well as Premier Performance. For information on how to trade Premier Stock refer to our How to Trade Premier Stock guide.You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
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When running Premier's price analysis, check to measure Premier's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Premier is operating at the current time. Most of Premier's value examination focuses on studying past and present price action to predict the probability of Premier's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Premier's price. Additionally, you may evaluate how the addition of Premier to your portfolios can decrease your overall portfolio volatility.
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Is Premier's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Premier. If investors know Premier will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Premier listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.17) | Dividend Share 0.84 | Earnings Share 1.39 | Revenue Per Share 11.037 | Quarterly Revenue Growth (0.07) |
The market value of Premier is measured differently than its book value, which is the value of Premier that is recorded on the company's balance sheet. Investors also form their own opinion of Premier's value that differs from its market value or its book value, called intrinsic value, which is Premier's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Premier's market value can be influenced by many factors that don't directly affect Premier's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Premier's value and its price as these two are different measures arrived at by different means. Investors typically determine if Premier is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Premier's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.